#2 - Dick’s Sporting Goods (NYSE:DKS)
I’ll admit to a little double-dipping on this one. Dick’s Sporting Goods (NYSE:DKS) is not pure-play on outdoor living. Case in point, one of the catalysts for DKS stock in the past year has been the re-opening of youth sports.
But, Dick’s Sporting Goods is also a one-stop location for many of the clothing, equipment, and gear that individuals will use for their outdoor pursuits. And as the pandemic showed, Dick’s has built out its digital capabilities which is helping the company compete with Amazon (NASDAQ:AMZN) and other e-commerce retailers.
At the time of this writing, DKS stock is trading for nearly double its pre-pandemic level. However, the company is also delivering revenue and earnings that are well above pre-pandemic levels as well. With a price-to-earnings (P/E) ratio of right around 7 and a dividend with a yield that is comparable to its sector peers, Dick’s Sporting Goods looks like a compelling buy at this point.
About DICK'S Sporting Goods
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.
Read More - Current Price
- $211.50
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $244.95 (15.8% Upside)
